A Company That Makes Customized Pens Has Calculated Their Revenue

question 26

Multiple Choice

A company that makes customized pens has calculated their revenue and costs as follows for the most recent fiscal period: What are the company's fixed costs per fiscal period?

• A)$105 000
• B)$115 000
• C)$80 000
• D)$85 000
• E)$120 000

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Definitions:

British Pound

The official currency of the United Kingdom, also known as GBP (Great British Pound).

Consolidated Financial Statements

Financial reports that combine the accounting information of a parent company with its subsidiaries into one document.

International Subsidiary

An international subsidiary is a company that is wholly or partially owned by another company, called the parent company, and is located in a country different from where the parent company is situated.

Debt Securities

Financial instruments indicating a debt owed by the issuer to the holder, typically in the form of bonds, bills, or notes.